Will Bitcoin Die Because of China?

[niisarearning]

May be China will die because of taking such a foolish decision bitcoin raised more than double after the China speculation. China or any other country can’t able to control bitcoin by doing some crooks thing . Finally bitcoin not becomes to any authority or country it’s peoples money.

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[AkaSnake]

Bitcoin won't die that easily, even if China bans it. There will always be other countries and rich people to invest in virtual currencies!

[NavI_027]

I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.

Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.

I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

I'm glad that you know the right answer to your question. I agree with you that Bitcoin will not die because of China, yes it's true that China plays a big part in bitcoins and they can affect the price of it but it doesn't mean that the future of bitcoins only depend on them. China once become the reason of bitcoin's fall when they decide to ban ICOs in their country but yet bitcoin is still surviving and growing bigger until now, it only shows that bitcoin can withstand even without China.

So stop worrying and just believe to the power of bitcoin.

[CherryICO]

You NO is right!
Look, with the current situation in China BTC jumped over 5000 yesterday.
No doubts it doesn't depend on what's happening in China!

[darkangel020716]

a big no, chinese cannot control whats going to happen in bitcoin, why bitcoin will die? bitcoins falls many times but bitcoin still survive inspite of everything bitcoin continues to rise up and grow the price pf it and besides bitcoin is the mother of all the cryptocurrency so why so bother? just trust bitcoin it is proven many years.

[The Alchemlst]

I agree to you big NO . even china bans btc theres so many way chinese people invest in btc we all know chinese if there is a big opportunity they always there they find a way to connect in btc.

yeah for all we know china doesn't even have most of the bitcoin and their primary asset in the economy is their manpower and production capabilities which do not affect bitcoin as being a private centralized currencies that can be use throughout the globe and it is capped which shows it has no plan to cater everyone in the world.

[blocklancer8]

I think it will be very possible because there are still many developed countries involved in it. So, it is unlikely that bitcoin will die maybe in time period can go down the price but will definitely rise again this bitcoin prestige.

[GregH37]

Bitcoin will survive even if both China and the USA ban it. That won't stop people from using it, and realistically the government can't do much about it aside from shutting down the internet.

let us alone about shutting down the Internet, maybe china and usa could not stop people use bitcoin although that two big countries are banning bitcoin but i am sure that that will give very bad impact for bitcoin especially for the price because the most of users bitcoin will leave bitcoin  as well.

No doubt that due to China ban bitcoin is going to demolish. It must have in everyone mind that bitcoin is never ever depended on someone person/society/community/country. People gets benefit from bitcoin not bitcoin from people. If china ban bitcoin so china will itself face unemployment issue in his county because mostly Chinese are depended on bitcoin earning.

I think bitcoin will only suffer regarding his price in the market just for ten days and after 10 days bitcoin will recover its price again.

[ronafurw]

I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.

Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.

I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

Replace Bitcoin with "X" if China suddenly went out of its way to ban cars, or the internet, or anything - will it die. I don't think so. Because china has such a large percentage of the worlds population, and is such an economic powerhouse, it certainly won't help much, but BTC will cary on. In any case - China is more likely to want to control and regulate crypto than to have a lasting ban IMO.

Yes I agree with you. The effect of china will never cause the death of bitcoin, because it is the currency all over the world and now the people around the globe have understand and realize the value and impotence of bitcoin in their lives.

Therefore in think although there are obstacles in the prevailing way of bitcoin but one day we will see people using only bitcoin as they use their local currency.

[stompix]

One month has passed.

And what a miracle (common sense for the rest) has happened, bitcoin is still alive the price is up , usage is at the max, blocks are full and every bitcoin owner is probably happy.

For years I've said that most of the users here overestimate the impact China has on the bitcoin environment and on price.
Yes , it is true they have most mining facilities there but now all of them , and a lot of equipment is own by foreigners and also a few mining facilities are not at all Chinese.
But for the rest, there is nothing impressive about china and BTC.
All their exchanges volume where as fake as their government numbers, daily usage in real life was almost absent, involvement in projects was reduced to create altcoins and throw money around.

I'm so glad that finally this whole scare about China is gone and done for.
Even if the entire communist party comes in the central square and shouts "ban bitcoin" the impact might be below 5% on prices.


 

 

[Andre_Goldman]

Good question OP ..

I'm thinking about "punching silicon wafers" ...

[Crypto Tanya]

Obviously Bitcoin won't die because of China. I don't think Bitcoin is going anywhere despite of all grim predictions that it is not going to last.

[GoodOne]

I would be happy to hear answers to other question like "what would happen to bitcoin without China" taking in consideration that if we wouldn't have China then who would produce all equipment for mining and calculations? 

[Marry Finch]

In my opinion, no one now remembers China and its prohibitions on crypto-currency. Bitcoin and other crypto currencies have proved that they can develop without China as a major takeaway bitcoin and investor in the crypto currency. In place of China, other countries like Japan come and the market is slightly modified.

[reisuke24]

we are admitted, China is one of other country that good in bitcoin. but, without China bitcoin still strong. the price like a jet. and i think in new year tomorrow is more than rocket.
bitcoin price affected by many condition. so if one country gone maybe it take some effect, but not longer will regain again

[cokkapaga]

I dont think bitcoin will be die because an issue of china about disagree of bitcoin
we can see the price of bitcoin increase always and at the moment the price is to the moon to $6000+
so, do not to worry about that.

[kinzey]

Bitcoin won't be gone because of china. Yes they may be big contributors. Lots of mining farms. They will affect the market but it won't make the bitcoin go away.

[sapnu]

I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.

Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.

I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

It surely won"t and it is already proven. Bitcoin is ble to recover and still manage to be more expensive. Form being down to 3300$ it is now at 6000$ and is still increasing.This clearly shows that Bitcoin can still be successful without China and won't die just because China left even if it is one of the major investor.

[BeGoods]

I agree to you big NO . even china bans btc theres so many way chinese people invest in btc we all know chinese if there is a big opportunity they always there they find a way to connect in btc.

yeah for all we know china doesn't even have most of the bitcoin and their primary asset in the economy is their manpower and production capabilities which do not affect bitcoin as being a private centralized currencies that can be use throughout the globe and it is capped which shows it has no plan to cater everyone in the world.

In fact china has a huge market for bitcoin there are many bitcoin users also residing in thay country. I think when the Chinese government does a certain policy that harms bitcoin. of course it will impact on bitcoin market directly. look at some time ago when the Chinese government banned ico and exchange in their country and then the bitcoin price dropped dramatically. I think china has a big influence on bitcoin

[frmracc]

Bitcoin will not die because of China but China is a big part of bitcoin community. When something bad happen on China about bitcoin, its give a big affect into bitcoin. That's why when China announce will ban ICOs, the bitcoin price fall so hard but bitcoin is not die because of it.